Brooge Energy Ltd. Announces Filing of Form F-3 Shelf Registration Statement and Intention to Offer Securities Primarily to F...
22 Abril 2021 - 4:39PM
Brooge Energy Ltd. (“Brooge Energy” or the “Company”) (NASDAQ:
BROG), a midstream oil storage and service provider strategically
located outside the Strait of Hormuz, adjacent to the Port of
Fujairah in the United Arab Emirates, today announced that on April
19, 2021 the Company filed a shelf registration statement on Form
F-3 with the U.S. Securities and Exchange Commission (the “SEC”).
The Company intends to conduct an underwritten
public offering of ordinary shares. The purpose of the proposed
offering is to fund the construction of the Company’s Phase III
project, which is expected to increase its storage capacity by up
to 3.5 million m3. The proposed offering is subject to market
and other conditions, including the effectiveness of the
registration statement filed under the U.S. Securities Act of 1933,
as amended (the “Securities Act”). These securities may not be sold
nor may offers to buy be accepted prior to the time the
registration statement becomes effective.
If the registration statement related to these
securities is declared effective by the SEC, up to US$500.0 million
of various securities, including ordinary shares, preferred shares,
warrants, rights and units, may be offered and sold by the Company
from time to time. The registration statement additionally relates
to the potential sale of up to 6,000,000 ordinary shares that may
be offered from time to time by the shareholder identified in the
prospectus. The final terms of the proposed offering will be
disclosed in a final prospectus supplement to be filed with the
SEC.
This announcement is being made pursuant to, and
in accordance with, Rule 135 under the Securities Act.
This press release does not constitute an offer
to sell or the solicitation of an offer to buy the securities
described herein, nor shall there be any sale of these securities
in any state or jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under
the securities laws of any such state or jurisdiction. Any offers,
solicitations or offers to buy, or any sales of securities will be
made in accordance with the registration requirements of the
Securities Act.
About Brooge Energy Limited
Brooge Energy conducts all of its business and
operations through its wholly owned subsidiaries, Brooge Petroleum
and Gas Investment Company FZE (“BPGIC”) and Brooge Petroleum and
Gas Investment Company Phase III FZE (“BPGIC III”), Fujairah Free
Zone Entities. Brooge Energy is a midstream oil storage and service
provider strategically located outside the Strait of Hormuz
adjacent to the Port of Fujairah in the United Arab Emirates. Its
oil storage business differentiates itself from competitors by
providing customers with fast order processing times, excellent
customer service and high accuracy blending services with low oil
losses. For more information please visit at
www.broogeenergy.com
Forward-Looking Statements
This press release contains statements
concerning, among other matters, a proposed offering and the
purpose thereof that constitute “forward-looking statements” within
the meaning of the safe harbor provisions of the U.S. Private
Securities Litigation Reform Act of 1995. Such statements reflect
management’s current views based on certain assumptions, and they
involve risks and uncertainties. Actual results, events or
performance may differ materially from the forward-looking
statements due to a number of important factors, and will be
dependent upon a variety of factors, including risks described in
public reports filed by Brooge Energy with the SEC, including under
the caption “Risk Factors” in Brooge Energy’s Annual Report on
Annual Report on Form 20-F for the year ended December 31, 2020,
filed with the SEC on April 5, 2021, as amended by Amendment No. 1
to the Annual Report on Form 20-F/A filed with the SEC on April 6,
2021. There can also be no assurance that the registration
statement will be declared effective by the SEC, or that Brooge
Energy will be able to complete the public offering on anticipated
terms, or at all. Readers are cautioned not to place undue reliance
upon any forward-looking statements, which speak only as of the
date made. Brooge Energy does not undertake any obligation to
update or revise the forward-looking statements, whether as a
result of new information, future events or otherwise.
Investor Contact KCSA Strategic
Communications Valter Pinto / Elizabeth Barker +1 212-896-1254 or
+1 212-896-1203 BROG@kcsa.com
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